In terms of debts, I agree with @JoeHammel - A title company is the best resource to check on all liens which could be contractor, IRS, bankruptcy, local utility bills or property tax, child support, etc. 

Especially when so many people hopping on here want to give the exact same emotionally-charged, offended, and "personal" opinion over and over...and over.

So IRS redemption rights are at a minimum 120 days, but they follow state law as to minimum redemption period so in AL you would have six months to possibly two years on IRS redemption.

Tax rules federal are you can rent for I believe two weeks without it being IRS taxable.Be clear with anyone you talk to it is her primary residence.  

This might offer more security but also could complicate tax reporting.Taxation of Y as an S Corp:If Y is profitable, electing S Corp status could reduce self-employment taxes, but it also comes with more stringent IRS rules.

But that is why the IRS requires the use of the unrelated party Qualified Intermediary. 

Looks like it didn't make it into 469(h)(5) but hard to argue with IRS Documentation - thanks @Kelly O'Keefe! 

A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

One guy offered to pay for the first month, which is what the site advertises they will do if you leave a video testimonial before.17 people who have barely used Bigger Pockets, all hopped into the forum to defend a system.

There have been several favorable rulings on this issue as it relates to trusts to the point that most accountants are now accepting this as trusted practice for LLCs as well.You never say never with the IRS.